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Safilo Group SpA
(SFL)
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Rating:59Neutral
Price Target:
€2.00
▲(11.11% Upside)
Action:Reiterated
Date:05/12/26
The score is primarily supported by improving financial performance (profits back, stronger recent free cash flow, and reduced leverage). Offsetting this, technicals are weak with the stock trading below major moving averages and a negative MACD, and valuation is less attractive due to a high P/E with no dividend yield provided.
Positive Factors
Profitability recovery
Moving from a loss in 2023 to sustained profits through 2024–2025 indicates structural operating improvement. This strengthens margin durability, supports reinvestment and working capital, and increases confidence that core eyewear operations can generate repeatable earnings over coming quarters.
Negative Factors
Persistent revenue decline
Sustained revenue contraction undermines the durability of the earnings recovery: smaller volumes limit operating leverage, reduce scale benefits and weaken bargaining power with suppliers and retailers. Continued top-line shrinkage threatens long-term margin and cash-flow sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
Moving from a loss in 2023 to sustained profits through 2024–2025 indicates structural operating improvement. This strengthens margin durability, supports reinvestment and working capital, and increases confidence that core eyewear operations can generate repeatable earnings over coming quarters.
Read all positive factors
Safilo Group SpA (SFL) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€700.97M
Dividend YieldN/A
Average Volume (3M)1.40M
Price to Earnings (P/E)14.7
Beta (1Y)1.25
Revenue Growth-0.99%
EPS Growth118.45%
CountryIT
Employees3,352
SectorGeneral
Sector StrengthN/A
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)0.12
Shares Outstanding416,254,760
10 Day Avg. Volume1,829,853
30 Day Avg. Volume1,402,367
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.06
Price to Sales (P/S)0.82
P/FCF Ratio9.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€1.90Price Target Upside5.56% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.11
Revenue Forecast (FY)€980.70M
Safilo Group SpA Business Overview & Revenue Model
Company Description
Safilo Group S.p.A. is actively involved in the design, manufacture, and both wholesale and retail dissemination of eyewear products. Its operations span North America, Europe, the Asia Pacific region, and numerous other international markets. The...
How the Company Makes Money
Safilo makes money primarily by selling eyewear products (frames and sunglasses) and related accessories through two main routes: (1) wholesale distribution to third-party customers such as opticians/optical chains, retailers, and distributors, an...
Safilo Group SpA Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 983.38M | 993.22M | 1.02B | 1.08B | 969.58M |
| Gross Profit | 570.03M | 561.73M | 601.74M | 597.45M | 445.64M |
| EBITDA | 101.82M | 90.49M | 56.35M | 129.10M | 109.37M |
| Net Income | 49.07M | 22.30M | -24.65M | 54.16M | 21.27M |
Balance Sheet | |||||
| Total Assets | 758.95M | 842.34M | 855.46M | 960.27M | 937.77M |
| Cash, Cash Equivalents and Short-Term Investments | 52.15M | 47.42M | 74.90M | 77.71M | 99.00M |
| Total Debt | 98.27M | 140.54M | 157.60M | 191.11M | 192.96M |
| Total Liabilities | 355.90M | 414.88M | 459.68M | 521.35M | 571.68M |
| Stockholders Equity | 392.45M | 413.07M | 379.20M | 409.92M | 326.74M |
Cash Flow | |||||
| Free Cash Flow | 81.28M | 64.65M | 34.50M | -6.71M | -2.66M |
| Operating Cash Flow | 89.68M | 76.22M | 47.71M | 9.16M | 17.30M |
| Investing Cash Flow | -23.56M | -48.87M | -8.65M | -15.67M | -9.76M |
| Financing Cash Flow | -58.58M | -54.83M | -40.47M | -16.81M | 2.07M |
Safilo Group SpA Technical Analysis
Negative
1.80
Price Trends
1.65
Positive
1.72
Negative
1.78
Negative
Market Momentum
0.01
Positive
48.11
Neutral
43.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:SFL, the sentiment is Negative. The current price of 1.8 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.65, and above the 200-day MA of 1.78, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 43.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IT:SFL.
Safilo Group SpA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €13.84B | 22.51 | 18.89% | 2.32% | 0.75% | -2.37% | |
63 Neutral | €1.58B | 31.34 | 5.35% | 2.30% | 6.99% | -5.00% | |
59 Neutral | €700.97M | 14.74 | 11.48% | ― | -0.99% | 118.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.74B | -18.38 | -21.64% | 1.24% | -5.66% | 27.38% |
* General Sector Average
IT:SFL
Safilo Group SpA
1.68
0.77
84.45%
IT:BAN
BasicNet SPA
7.00
-0.54
-7.11%
IT:MONC
Moncler S.p.A.
51.14
1.11
2.22%
IT:OVS
OVS S.p.A.
6.23
2.73
78.16%
IT:PQ
Piquadro SpA
2.78
0.45
19.47%
IT:SFER
Salvatore Ferragamo S.p.A.
10.48
5.33
103.30%
Safilo Group SpA Corporate Events
Safilo Manager Exercises 150,000 Stock Options Under 2023–2025 Plan
Jul 1, 2026
Safilo Group has disclosed a management share transaction involving Vladimiro Baldin, who holds a managerial position within the company. Baldin subscribed to 150,000 Safilo ordinary shares at a price of €0.97 each, in a move tied to the com...
Safilo strengthens brand portfolio with acquisition of SPY+ and Serengeti
Jul 1, 2026
Safilo Group has completed the acquisition of SPY+ and Serengeti from Bollé Brands, securing selected assets in Europe and full ownership of dedicated entities in the U.S. and Canada. The $24.6 million deal, funded with existing financial res...
Safilo lifts treasury stake to 5.8% through June share buybacks
Jun 30, 2026
Safilo Group S.p.A., listed on Euronext Milan, is executing a share buyback program authorized by shareholders in April 2026 to repurchase its ordinary shares on the market. The initiative adds to the company’s existing treasury stock and re...
Safilo Manager Exercises Stock Options, Subscribes Over 121,000 Shares
Jun 25, 2026
Safilo Group has disclosed that manager Vladimiro Baldin subscribed to 121,868 Safilo ordinary shares through the exercise of stock options granted under the company’s 2020–2022 stock option plan. The transaction, executed off-exchange...
Safilo lifts treasury stake to 5.7% as share buyback accelerates
Jun 23, 2026
Safilo Group has continued its share buyback program on Euronext Milan, purchasing 400,000 ordinary shares between 15 and 19 June 2026 at a weighted average price of about €1.81, for a total outlay of roughly €723,000. Including these ...
Safilo Executive Exercises Stock Options, Subscribes Over 61,000 Shares
Jun 18, 2026
Safilo Group has disclosed a manager transaction involving the subscription of its ordinary shares by a person performing management functions, Baldin Vladimiro, following the exercise of stock options granted under the company’s 2017–...
Safilo Lifts Treasury Stake to 5.61% Through June Share Buybacks
Jun 16, 2026
Safilo Group has continued the execution of its share buyback programme launched on 8 June 2026, repurchasing 400,000 ordinary shares on Euronext Milan between 8 and 12 June for a total outlay of about €690,000 at an average price of €...
Safilo Updates Share Capital After Stock Option Exercises
Jun 10, 2026
Safilo Group S.p.A. has updated its share capital structure following the exercise of stock options under three incentive plans approved between 2017 and 2023, resulting in the issuance of 527,882 new ordinary shares between 12 May and 27 May 2026...
Safilo launches €20 million share buyback to boost strategic flexibility
Jun 8, 2026
Safilo Group’s subsidiary Safilo S.p.A. has launched a new share buyback program on Euronext Milan, appointing Kepler Cheuvreux as independent intermediary to repurchase up to 10 million shares, or around 2.5% of its free float, for a maximu...
Safilo Publishes Minutes of 2026 Shareholders’ Meeting
May 27, 2026
Safilo Group S.p.A. has disclosed that the minutes of its Ordinary and Extraordinary Shareholders’ Meeting held on 28 April 2026 are now publicly available at its registered office, via the 1INFO storage mechanism and on the company’s ...
Safilo CEO Angelo Trocchia Exercises Stock Options, Subscribes 135,000 Shares
May 21, 2026
Safilo Group has disclosed a transaction involving Angelo Trocchia, who holds administrative functions within the company and has exercised stock options under the group’s 2020–2022 stock option plan. Trocchia subscribed to 135,000 ord...
Safilo moves to acquire SPY+ and Serengeti in $26 million deal
May 11, 2026
Safilo Group, the Italian‑listed eyewear company with brands such as Carrera, Polaroid and Smith, integrates traditional wholesale with direct‑to‑consumer and online channels, leveraging design hubs in Europe, North America and A...
Safilo publishes updated Articles of Association amid ongoing governance evolution
May 8, 2026
Safilo Group has published its updated Articles of Association, making the new governance document available at its registered office, via a centralized storage mechanism and on its corporate website. The move underscores the company’s ongoi...
Safilo Starts 2026 with Higher Margins, Strong Cash Flow Despite FX Drag
May 7, 2026
Safilo Group reported a solid start to 2026, with first‑quarter net sales of €272.9 million, up 0.4% at constant exchange rates despite currency headwinds, and gains concentrated in North America and key European markets. The company h...
Safilo shareholders approve 2025 accounts and new performance share plan
Apr 28, 2026
Safilo Group’s shareholders approved the 2025 financial statements and related reports, including consolidated accounts and sustainability reporting, and endorsed the 2026 remuneration policy for directors, statutory auditors and executives....
Safilo to Acquire SPY+ and Serengeti to Bolster Sport and Premium Eyewear Portfolio
Apr 21, 2026
Safilo Group has signed an exclusive agreement with Bollé Brands to acquire SPY+ and Serengeti, two US eyewear labels focused on sport/outdoor and premium segments, respectively, with combined 2025 sales of about $39 million. The deal, which ...
Safilo publishes auditor candidate lists ahead of April 2026 shareholder vote
Apr 7, 2026
Safilo Group has published documentation for its Ordinary and Extraordinary Shareholders’ Meeting scheduled in Padua on 28 April 2026, where shareholders will appoint a new Board of Statutory Auditors. Two competing lists of candidates have ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.